Sat.Apr 15, 2023 - Fri.Apr 21, 2023

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Discovering Data Monetization Opportunities in Financial Services

Cloudera

Data has become an essential driver for new monetization initiatives in the financial services industry. With the vast amount of data collected from customers, transactions, and market movements, among other sources, this abundance offers tremendous potential for financial institutions to extract valuable insights that can inform business decisions, improve customer service, and create new revenue streams.

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Top considerations for data modernization initiatives

CIO Business Intelligence

Most organizations are already well under way with their digital transformation journeys, particularly data modernization. For most companies, the drive for data modernization is attributed to the massive growth of data and a business goal to harness as much data as possible to unlock its potential in transformative ways. Adopting cloud-based solutions is, perhaps, one of the most popular means of modernizing.

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Data Analytics: The Four Approaches to Analyzing Data and How To Use Them Effectively

KDnuggets

You will learn about descriptive analytics, data warehousing, machine learning, and big data.

Analytics 114
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Supervised vs. Unsupervised Machine Learning: Use Cases & Examples

Dataiku

One of the most fundamental concepts to master when getting up to speed with machine learning basics is supervised vs. unsupervised machine learning. This blog post provides a brief rundown, visuals, and a few examples of supervised and unsupervised machine learning to take your ML knowledge to the next level.

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The Executive Guide to Generative AI

Generative AI is taking the world by storm, but the questions that all CEOs, data leaders, and AI leaders are being asked are: What are we going to do about it, and what is our plan? The business and creative possibilities are practically limitless with generative AI. From productivity gains to finding new routes to revenue generation, generative AI is going to radically transform how we work.

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Why Businesses Should Use Machine Learning in 2023

Analytics Vidhya

Introduction In the words of Nick Bostrom, “Machine learning is the last invention that humanity will ever need to make.” Let’s start etymologically; machine learning (ML) is a subset of artificial intelligence (AI) that trains systems to apply specific solutions rather than providing the solution itself. It learns from previously existing data to detect any […] The post Why Businesses Should Use Machine Learning in 2023 appeared first on Analytics Vidhya.

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What is Data Mesh ?

Octopai

Data mesh is an approach to data architecture that is intentionally distributed, where data is owned and governed by domain-specific teams who treat the data as a product to be consumed by other domain-specific teams. Unified standards and tools for governance, discoverability and access enable a data mesh to function smoothly as an ecosystem. What are the principles behind data mesh architecture?

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Journey of a Data Scientist at Deloitte Using Analytics: Overcoming Challenges and Promoting Innovation

Analytics Vidhya

Introduction Are you aware of the challenges that come with a career in Data Science? Meet Anshuman Kumar, a skilled Data Scientist at Deloitte, who has faced and conquered numerous obstacles in his journey. He mitigated from business analytics towards success and became a Data Scientist. Anshuman has developed expertise in the field of data […] The post Journey of a Data Scientist at Deloitte Using Analytics: Overcoming Challenges and Promoting Innovation appeared first on Analytics Vidhy

Analytics 246
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The Role of Data in Understanding Demographics for Effective Marketing

Smart Data Collective

In the past, large data sets about consumers were far more difficult to come by. For small businesses and agencies, this meant being at a significant disadvantage to larger businesses and corporations that could afford to conduct large-scale research. Today, however, this is far from the case and consumer data is more available than it ever has been before.

Marketing 126
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Make Better Decisions with Collaborative Analytics

David Menninger's Analyst Perspectives

In my perspective on decision intelligence , I lamented the fact that business intelligence technologies have left the rest of the exercise to the reader for too long. Making a decision is a process that involves many steps and many people. Decision-making is so complicated and divorced from day-to-day business processes that organizations have had to create entirely separate teams to focus on the analytics and data to support it.

Analytics 306
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A Beginners Guide To The Power Of Area Charts – See Examples, Types & Best Practices 

datapine

Table of Contents 1) What Is An Area Chart? 2) Types Of Area Charts 3) When To Use Area Graphs 4) Area Diagram Best Practices 5) Area Chart Examples It is no secret that the human brain processes visual information way faster than text or numbers. In fact, a study by MIT researchers showed that 90% of the information transmitted to the brain is visual and that humans can identify images seen for as little as 13 milliseconds.

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From Hadoop to Data Lakehouse

Getting off of Hadoop is a critical objective for organizations, with data executives well aware of the significant benefits of doing so. The problem is, there are few options available that minimize the risk to the business during the migration process and that’s one of the reasons why many organizations are still using Hadoop today. By migrating to the data lakehouse, you can get immediate benefits from day one using Dremio’s phased migration approach.

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Meet AgentGPT, an AI That Can Create Chatbots, Automate Things, and More!

Analytics Vidhya

A fully autonomous AI agent called AgentGPT is gaining popularity in the field of generative AI models. Based on AutoGPT initiatives like ChaosGPT, this tool enables users to specify a name and an objective for the AI to accomplish by breaking it down into smaller tasks. AgentGPT is a no-code, browser-based solution that makes AI […] The post Meet AgentGPT, an AI That Can Create Chatbots, Automate Things, and More!

Analytics 348
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5 hot digital transformation trends — and 2 going cold

CIO Business Intelligence

Digital transformation has always been a continuous journey, one that should become an organizational core competency, with the introduction of digital services an ongoing imperative to evolve the business and stave off disruption. While this may remain the case, subtleties are emerging about how digital transformation should be thought of, impacting how it should be undertaken.

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Mastering Generative AI and Prompt Engineering: A Free eBook

KDnuggets

In short, generative AI — and the prompts that power them — are everywhere. But beyond the basics, what do you really know about either? Perhaps you would find a concise, focused ebook on the topics useful.

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How Smart Buildings Use Data to Help Businesses Cut Costs

Smart Data Collective

There are many ways businesses are using big data to make better decisions and operate more efficiently Organizations can use big data to optimize expenses and reduce costs. A modern data infrastructure can help get more value from data by accelerating decision making, simplifying operations, and powering analytics. One of the many ways big data is helping companies operate more cost-effectively is through the construction of smart buildings.

Big Data 132
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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

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Why Learn No Code Machine Learning in 2023?

Analytics Vidhya

Introduction Technologies like machine learning and artificial intelligence have become the talk of the town because of their applicability across organizations of all sizes and domains; and their ability to automate the most complex tasks. It was only in the reinvention of backpropagation in the mid-1980s that they were deemed successful sheerly because of the […] The post Why Learn No Code Machine Learning in 2023?

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CIO Fletcher Previn on designing the future of work

CIO Business Intelligence

It has been three years since COVID sent us into remote work, and we now find ourselves with a new challenge: employees who have never met in person. The hybrid work paradigm has exposed the importance of getting in front of evolving changes in the way employees will work together in the future, accelerating IT leaders’ need not only to address the impact of hybrid work and sharpen their tech strategies to support it , but also to help shape the future workplace culture, in large part through e

Strategy 140
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A Guide to Top Natural Language Processing Libraries

KDnuggets

Natural Language Processing is one of the hottest areas of research. While NLP tasks may seem a bit complicated at first, they can be made easier by using the right tools. This article covers a list of the top 6 NLP Libraries that can save you time and effort.

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ISO 20022: Are your payment systems ready?

IBM Big Data Hub

ISO 20022 is a global standard for financial messaging that aims to standardize electronic data interchange between financial institutions. It provides a structured way of exchanging data for financial transactions, including payments, securities and trade services. The International Organization for Standardization (ISO) developed the standard, which is being adopted by countries and financial institutions worldwide.

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The B2B Sales Leader's Guide for Any Economic Environment

When economic headwinds pick up, sales leaders are the first to sound the alarm — and chart a new course. Longer sales cycles, larger buying committees, increased price pressure, and smaller teams can quickly combine to reduce your margin for error and increase the urgency to find a solution. To thrive in a challenging environment, sales teams need a rock-solid grasp of the fundamentals and the biggest force-multipliers they can get their hands on.

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Google’s Monopoly Hindered Innovations Like ChatGPT: US Department of Justice

Analytics Vidhya

The US Department of Justice (DOJ) has recently asserted that Google’s monopoly in the tech industry may have delayed the development of innovations like ChatGPT. This statement brings attention to the growing concerns regarding the market dominance of tech giants and the potential repercussions of technological advancements and competition. The DOJ’s Findings on Google’s Monopoly […] The post Google’s Monopoly Hindered Innovations Like ChatGPT: US Department of Jus

Analytics 325
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The power players of retail transformation: IoT, 5G, and AI/ML on Microsoft Cloud

CIO Business Intelligence

Thanks to cloud, Internet of Things (IoT), and 5G technologies, every link in the retail supply chain is becoming more tightly integrated. These technologies are also allowing retailers to capture and gather insights from more and more data – with a big assist from artificial intelligence (AI) and machine learning (ML) technologies – to become more efficient and achieve evolving sustainability goals.

IoT 105
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Dolly 2.0: ChatGPT Open Source Alternative for Commercial Use

KDnuggets

Dolly 2.0 was trained on a human-generated dataset of prompts and responses. The training methodology is similar to InstructGPT but with a claimed higher accuracy and lower training costs of less than $30.

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Data Careers That Make a Positive Impact on the World

Smart Data Collective

Are you interested in a career in big data? As we said before, there are many careers you can go into with a degree in data science. The BLS reports that there are 113,000 data scientists in the country. That figure is growing by the year. Finding a career that you are passionate about is not an easy task in itself. Once you have finished school it is likely that your career will take up the majority of your life going forward – so it’s important to find the right one.

Big Data 102
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The Forrester Wave™: AI/ML Platforms: Vendor Strategy, Market Presence, and Capabilities Overview

As enterprises evolve their AI from pilot programs to an integral part of their tech strategy, the scope of AI expands from core data science teams to business, software development, enterprise architecture, and IT ops teams. Enterprises need a platform that can make broader AI teams more productive, implementing more complex use cases and harnessing the fast pace of new AI technologies.

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Microsoft Integrates ChatGPT into Windows OS for Enhanced AI Experience

Analytics Vidhya

Microsoft has announced its plans to integrate ChatGPT, one of the most advanced language models, into Windows 10 and 11 via PowerToys, its open-source tool. The integration will allow users to interact with the language model in natural language, including asking questions and receiving responses. This move comes after the recent announcement of the taskbar […] The post Microsoft Integrates ChatGPT into Windows OS for Enhanced AI Experience appeared first on Analytics Vidhya.

Analytics 322
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What CIOs need to become better enablers of sustainability

CIO Business Intelligence

Over 90 wildfires ravaged Spain’s Asturias principality in March this year. Though not as cold and wet as northern Europe, March is still the tail end of winter in northwest Spain, a region not typically considered a tinder box. But the climate emergency is steadily changing that. But Spain’s predicament isn’t unique. Across the world, climate change has bitten hard into the economies of tech-centric California, again due to wildfires.

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Unveiling the Potential of CTGAN: Harnessing Generative AI for Synthetic Data

KDnuggets

CTGAN and other generative AI models can create synthetic tabular data for ML training, data augmentation, testing, privacy-preserving sharing, and more.

Testing 142
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How Does Next-Gen SIEM Prevent Data Overload For Security Analysts?

Smart Data Collective

Understaffed, with their budgets cut, and overworked — why does that describe the state of security operation centers today when businesses need effective protection more than ever? Cyber professionals are facing more hacking threats than ever before, there’s a shortage of skilled cybersecurity professionals and a flood of data that is coming from a large number of protective tools.

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The Definitive Guide to Dashboard Design

Dashboard design can mean the difference between users excitedly embracing your product or ignoring it altogether. Great dashboards lead to richer user experiences and significant return on investment (ROI), while poorly designed dashboards distract users, suppress adoption, and can even tarnish your project or brand. That’s one of the many reasons we wrote The Definitive Guide to Dashboard Design—to help you avoid common pitfalls, including… Cramming too much onto one screen and expecting the u

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DinoV2: Most Advanced Self-Taught Vision Model by Meta

Analytics Vidhya

Meta AI has announced the launch of DinoV2, an open-source, self-supervised learning model. It is a vision transformer model for computer vision tasks, built upon the success of its predecessor, DINO. The innovative model delivers robust performance and does not require fine-tuning, setting it apart from other similar models, such as CLIP. Also Read: Microsoft […] The post DinoV2: Most Advanced Self-Taught Vision Model by Meta appeared first on Analytics Vidhya.

Modeling 317
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4 perils of being an IT pioneer

CIO Business Intelligence

The speed at which enterprises adopt emerging technology is widely acknowledged as a key driver of success. As a result, organizations often rush to adopt new technology believing it will make them operationally more efficient and enhance their competitiveness. Proponents of early technology adoption further argue that it enables companies to build informal relationships with leading technology providers, develop deeper understanding of the latest technologies, and lure better talent.

IT 104
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KDnuggets Top Posts for March 2023: ChatGPT for Data Science Cheat Sheet

KDnuggets

ChatGPT for Data Science Cheat Sheet • 4 Ways to Generate Passive Income Using ChatGPT • GPT-4: Everything You Need To Know • Automate the Boring Stuff with GPT-4 and Python • Simpson's Paradox and its Implications in Data Science • ChatGPT vs Google Bard: A Comparison of the Technical Differences • OpenChatKit: Open-Source ChatGPT Alternative • How to Use ChatGPT to Improve Your Data Science Skills

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5 Reasons to Hire a Marketing Agency that Knows Data Analytics

Smart Data Collective

Marketing is becoming more science than art due to digitization. Data-savvy marketers have access to valuable insights into their customers, performance, and opportunities for improvement. Marketing departments that don’t embrace analytics risk being outpaced by competitors and consumer expectations. A recent survey found that 73% of consumers expect marketers to anticipate their needs.

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The Power of Storytelling in Risk Management

Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders. When done effectively, it can help interpret complex risk environments for leaders and inform their decision-making.